Printing a New Play

By

Timothy Collins

| Oct 22, 2012 | 3:24 PM EDT

It took a little bit of time today, but we are picking up where we left off the end of the week. I have done very little today, and it has actually been nice. I bounced around a little in Monster Beverage (MNST), but I see that only as a short-term intraday trade where folks should be happy if they catch the right side of the bounce and show green. The problem with that one is by the time anyone puts a trade out there, MNST will probably have moved $1-$2 in either direction already. The implied volatility is 58% higher today, so be careful with those option premiums, as they are through the roof. Current IV sits at 83% vs. the historic average of 35%. I would anticipate one more push higher before a collapse, but should the current New York Times article citing five deaths related to MNST drinks be dismissed or disproved, then that IV is going to crash.

Coach (COH) is getting set to report -- I usually turn to my wife on regarding this one's product. She worked for COH for a while and has a good feel for the quality and appeal of their newer products. Her response when I inquired about the new products was, "I need to go shopping." I immediately thought she meant she hasn't had time to take a look at what was in the stores until I realized she meant she really wanted to go out and buy the new stuff....349 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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